Commercial General Liability Policy Part Two

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Commercial General Liability PolicyPart Two
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Exclusions

• a. Intended injury
• b. Contractual
• c. Liquor Liability
• d. Work Comp.
• e. Employers Liab.
• f. Pollution
• g. Auto,Plane,Boat
• h. Mobile equip.
• i. War
• J. damage to property

• k. Damage to your product
• l. Damage to your work
• m. Impaired property
• n. Product recall
• o. Personal advertising injury

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Aircraft, Auto or Watercraft Exclusion

• Auto means 1. 1.
  Land motor vehicle,trailer,simi
• 2. Used on public roads
• 3. Including any attached machinery
• 4. But not mobile equipment
• Intended to avoid duplication with auto, aircraft
  or watercraft insurance

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Mobile Equipment

• Damage caused by mobile equipment is covered,
  except when
• 1. In transit by an auto
  (auto policy covers that)
• 2. Racing, speed, demolition,stunting
  

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War Exclusion

• Bodily injury or property damge due to war
  including
• Declared War
• Civil War
• Insurrection
• Rebellion
• Revolution
• Note Only applies to contractual liability

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Damage to Property Exclusion

• Will not pay for
• 1. Your own property
• 2. Premises sold, given,abandoned
• 3. Property loaned to you
• 4. In your care, custody or control
• 5. Property being worked on
• 6. Faulty work

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Products Completed Operations

• Products
• Your Product
• Away from your premises
• Not in your possession

• Completed Ops.
• Your Work
• Away from your premises
• After completion or abandonment

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Damage to Your Product

• your product, arising out of it or any part of
  it
• Prevents payment for products incorrectly
  designed or defectively produced
• Does not eliminate coverage for resulting BI or PD

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Damage to Your Work

• Your Work arising out of it or any part of it
• Prevents repairing,redoing or replacing faulty
  work
• Covers resulting damage (BI PD)
• Exclusion does not apply to work performed by a
  subcontractor

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Impaired Property Exclusion

• Prevents coverage for loss of use of undamaged
  property solely because your product or work
  was defective
• ..if said property can be restored to use by
  repairing or replacing your product / work
• Exclusion does not apply if there was a sudden
  or accidental injury to your product / work
  after being in service

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Recall Exclusion

• Prevents payment of the cost of recalling
  inspecting, repairing or adjusting your product
  if it is defective
• Applies to both
• Voluntary recall
• Government ordered recall

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Claims Made Concepts Chapter 5

• Avoids insurance company paying for Long Tail
  claims.
• Form number CG DS 02 10 01
• Everything is same as CG DS 01 but the coverage
  trigger (what causes or triggers the policy
  to respond)

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Coverage Triggers

• Occurrence Form (01)Becomes obligated to pay
  based upon when the injury or damage occurred.
• Claims Made Form (02)..Becomes obligated to pay
  based upon when a claim for the injury or damage
  was first made

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Claims Made Coverage Applies

• Only to the policy that was in effect when the
  claim was first made, so long as
• 1. The claim was actually made during that
  policy period (not before or after)
• 2. The injury or damage occurred subsequent
  to (after) the retroactive date

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Retroactive Dates

• The policy may contain a retroactive date that
  is
• 1. The same as the start date (inception
  date) of the policy
• 2. A date that precedes the inception date
  of the policy
• or
• 3. No retroactive date at all

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Extending the Reporting Period

• Done when
• 1. You are discontinuing insurance entirely
  (ex. selling your business)
• 2. You are converting back to an Occurrence
  Form
• Otherwise, there will be no coverage for
  incidents that take place during the Claims Made
  period but dont get made known to the insured
  until after the end of the Claims Made policy

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Basic Extended Reporting Period

• 1. Applies automatically without additional
  charge
• 2. Gives you 60 days after the end of the
  policy to report incidents that might become
  claims
• 3. Gives you 5 years for those incidents
  to actually become claims

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Supplemental Extended Reporting Pd.

• 1. Must be requested in writing within 60 days
  after the end of the policy
• 2. Can cost up to 200 of the original policy
  premium
• 3. Gives you an unlimited time to report
  incidents or claims